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2022 Payments Compliance Outlook: The Paradigm Shift Towards Growth

Benchmark your strategy against the global leaders in payments

VIXIO’s latest survey of 100+ payments executives has shown a big shift in priorities. Businesses are moving from firefighting to capturing and capitalising on new market growth.

Get your copy now to get unique insights on how they plan to accelerate market growth and identify new opportunities in 2022 whilst dealing with ever-evolving market threats.

DOWNLOAD: https://bit.ly/VIXIOPCOutlook

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Open banking evolves into open finance

Expect open banking to become a more global conversation in 2022. According to Bottomline General Manager and Director, Payments Ed Adshead-Grant, in the UK Open Banking will pick up increased adoption among businesses and consumer communities.

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Global payments publication Green sheet interviews Kani on Advanced Automation

Interview by Global and US publication, Green Sheet.

Holmes went on to say that Kani’s platform has reconciled more than €8 billion in processed payments volume while helping payment providers and fintechs organize data across multiple processor, card scheme and issuing relationships. It can be challenging to turn disparate data sources in varying formats and raw files into actionable reporting, he stated, adding that global privacy laws can also slow the process, and manual reports can take weeks to complete.

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ECOM21 is around the corner! 

Join ECOM21 on April 8th 2022 to look into the future through the lens of expertise – insightful speeches and eye-opening workshops that will help your business achieve more.

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How much do you really know about Buy Now Pay Later?

Buy now, pay later (BNPL) programs
have risen in popularity thanks to the
ease of use, flexibility and mutual
benefits for consumers, merchants
and BNPL providers.

Now, the BNPL surge is also impacting
the credit market. See how much you
know about BNPL, and how you can
turn the current popularity into a strategic advantage.

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2022 Payments Compliance Outlook: The Paradigm Shift Towards Growth

Spotlight Report: The Paradigm Shift Towards Growth
Benchmark your strategy against the global leaders in payments

VIXIO’s latest survey of 100+ payments executives has shown a big shift in priorities. Businesses are moving from firefighting to capturing and capitalising on new market growth.

Get your copy now to get unique insights on how they plan to accelerate market growth and identify new opportunities in 2022 while dealing with the many market threats to their ambitions.

Download here: https://bit.ly/VIXIOPCOutlook

Read More »

What Does the Future Hold for eCommerce Fraud?

2021 was a rollercoaster of a year for eCommerce merchants. With consumers increasingly turning to digital platforms, businesses need to strengthen their fraud security measures in the wake of increasingly frequent fraudulent attacks. Learn what eCommerce fraud trends your business should keep in mind this year.

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Banking Circle delivers faster payments for DiPocket

DiPocket, a leading Corporate Disbursements and Payment Solutions Provider, is improving customer access to Faster Payments through its new partnership with tech-first Payments Bank, Banking Circle. Utilising Banking Circle Virtual IBAN for both company and client fund accounts, DiPocket will provide its customers with access to Faster Payments and SWIFT, with improved systems availability to bypass the operational issues experienced with other partner banks. It will also be using Banking Circle for SEPA EUR payments.

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Let’s Talk More About Virtualisation and Sandboxes

In computing, the ability to isolate processes and the resources those processes can access has been a remarkable feature, making software solutions more secure than they used to be. Of course, this concept of isolation is not new. It has been around for a while, with applications standing the test of time by providing continuous outstanding security benefits to users of computing devices. In this post, as a homage to such technology, we will discuss how virtualisation and sandboxes have provided sound isolation on computing devices.

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4 BUY NOW PAY LATER TRENDS SET TO DISRUPT THE INDUSTRY

Buy Now Pay Later (BNPL) is racing into 2022 firing on all cylinders, and according to Insider Intelligence, is expected to keep growing at pace and will reach $680 billion in transaction volume worldwide by 2025. The promise of impending regulation, and the need to balance oversight with consumer protection, will see the emergence of new innovative solutions and business models. As competition heats up and new players enter the market, banks will naturally get in on the action to protect their market share.

Let’s look at four trends that will disrupt the BNPL industry.

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How to Build Team Resilience in a Stress-Ridden Fintech Workplace

Fintech companies are often flush with talent, but it’s their business environments that ultimately dictate their success. You could have all the right pieces in place, but if they don’t mesh or they aren’t equipped to address adversity, it won’t matter. That’s because team resiliency is not inherent — it must be cultivated, starting from the top down.

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‘The Great Resignation’: A powershift from employer to employee?

Driven by the COVID-19 pandemic, the battle for talent is increasing for companies and organisations – forcing them to rethink their recruitment and retention strategies. In this session – the first of two webinars focused on ‘The Great Resignation’ – Banking Circle and industry experts discuss how recruitment is changing within the current landscape, whether the power really is shifting from employer to employee, and what financial services businesses should be doing to ensure that they attract the best talent.

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Modulr Cards Week – Explore the latest in Cards

Hi there,

We are trying to promote our Cards Week on-demand content that we produce last December with experts such as Visa, TagNitecrest and Zumo and I was wondering if you could help us promote our landing page: https://landing.modulrfinance.com/cards-week-2022-mb

All details are above and I have attached 2 social images that you can use but please let me know if you have any question 😊

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Is ethical banking an oxymoron?

Ethical bankers are one of the fastest growing financial tribes in the world, with some of the loudest voices. How do banks continue to innovate to meet customers evolving demands and also engage and attract the emerging financial consumer segment of ethical bankers?

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Better than Tether : ARYZE Digital Cash

Full reserve stablecoins will revolutionise the stablecoin market. ARYZE Digital Cash is the closest thing to a CBDC without it being issued by a central bank. Learn more about how ARYZE is planning to revolutionise the entire payments industry, using their full-reserve stablecoin as a main component of this worldwide strategy.

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What’s new at Ordo?

The Ordo Open Banking payments platform already supports white label billing, paying by instalments, QR code PoS and eCommerce.

New for 2022 is Enhanced Account Verification and Variable Recurring Payments.

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BUY NOW PAY LATER: WILL REGULATION BURST THE BUBBLE?

The exponential growth in e-commerce and the impact of the pandemic have fuelled the rise of ‘Buy Now Pay Later’ (BNPL), making it one of the biggest retail trends in 2021. This is set to continue in 2022, with new players entering the market and new partnerships and acquisitions being established.

BNPL has largely been driven by consumer appeal, easy availability and the promise of no interest and no fees – if payments are made on time. It is popular across all demographics for different reasons but has especially gained traction among millennials and Gen Z consumers as a means of financial empowerment. For consumers, it provides an easily accessible method of borrowing, instant gratification, a flexible returns policy and the ability to manage finances by spreading the cost of purchases over an agreed period.

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NEW BOOK: Payment Services: Law and Practice, edited by John Casanova and Max Savoie, Sidley Austin LLP, London, UK

This book provides an overview and practical examination of key areas of payments law and regulation in the EU and UK, as well as introductions to analogous legal regimes in the United States, Hong Kong, Singapore and sub-Saharan Africa. It is an important resource for lawyers and compliance officers in the payments sector. For more information go to https://www.e-elgar.com/shop/isbn/9781839107979

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DigiDoe joins Mayor’s International Business Programme

PAYMENT’S disruptor DigiDoe has won a place on a prestigious scale-up programme backed by the Major of London, which will help the London-based startup expand internationally. It comes as DigiDoe’s co-founders closed the second tranche in an initial institutional investment round with just under £1m in fresh funding. It gives the business a 12-month runway to develop its proprietary software, hire key personnel and expand in to Europe and the US.

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allpay Limited awarded contract to deliver £1.35 million project supplying prepaid Cards to Herefordshire Shop Local campaign.

allpay Limited are delighted to have been awarded a contract by Herefordshire Council for the delivery of its Shop Local campaign.

The Hereford-based company secured the contract following an open procurement process to produce prepaid cards – keeping the council’s own spending within the county. As part of the £1.35 million project, every household in Herefordshire can apply for a prepaid card before January 31st 2022, loaded with £15 to spend as part of a major campaign to help the county’s local and independent traders.

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Biller.AI joins the Banking Circle ecosystem

Biller, an AI-driven Buy Now Pay Later (BNPL) company focused on business invoices, is set to join the Banking Circle ecosystem of financial services and applications. After closing of the acquisition, Biller will operate as an independent sister company in the Banking Circle ecosystem.

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ECOM21 is BACK!

ECOM21 Conference, organized by our esteemed Payment Organisation member DECTA in collaboration with Deloitte and Mastercard, is back!
Don’t miss a chance to #MeetDECTA and others at ECOM21 on 7-8 April 2022 in Riga, Latvia.

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Transact365 introduces seamless cross border payments in India

By using our gateway solution, merchants can now access new opportunities in India without having to form local payment partnerships or establish an Indian company. This move ensures merchants have access to over one billion Indian-based consumers enabling them to pay faster in a familiar way.

This launch in India is the first in a series of big market expansions planned for 2022. Having already expanded into Europe, Asia and Australia, our payment gateway system ensures merchants of all sizes and sectors can access fast-growing markets seamlessly and quickly. 

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Nium Unveils Industry Predictions for 2022

Nium, a leader in global payments and card issuance for businesses, today unveiled its predictions report for 2022, examining the latest trends in regulation, crypto, travel, and global payments.

Explore Nium’s seven predictions across three key areas including:

Regulation: Regulators are taking notice of new payments methods such as cryptocurrencies and Buy Now, Pay Later methods

Travel: As travel returns to pre-pandemic volumes, the industry will look to fintech to drive revenue

Global Payments: New technology infrastructure is the emerging theme across major industries; payments particularly will transform to cater to evolved consumer behavior.

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Best Practice Guidance for AML and CTF risk assessments

All financial services firms in the UK are required to carry out risk assessments for Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF). Yet a survey of AML audits reveals that some firms do not have risk assessments, and many that do, fail to record the rationale they adopted when arriving at their risk assessment.

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Membership

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